Hard money advice?

Question

I'm looking to shop around different lenders. Please drop any general advice about taking out hard money or recommendations for lenders. Thanks!

Robin Simon · Answer

I think an underrated thing in Hard Money is to get a rep that is both responsive and understands your needs and deal because at the end of the day, a lot of lenders will have essentially the same rates and terms and programs so finding someone reliable you can work with and trust (not just on your current deal) is typically the best way to go

Janice Carter · Answer

@Cole Dunn Definitely shop around and compare not just the interest rate but also points, lender fees, prepayment penalties and how quickly they can close. Some hard money lenders advertise low rates but make up for it with high fees. Make sure you have a clear exit strategy before taking on hard money debt.

Nicholas L. · Answer

@Cole Dunn

meet local ones in person.

@Erik Estrada

agree, investors will spend so much time trying to get a rate that is 0.25% lower.  a relationship with a real person is so much important.

Vijay Friedman · Answer

@Cole DunnThe best lender often depends on the deal itself. Are you looking at a fix-and-flip, BRRRR, or rental acquisition? Your exit strategy can make a big difference in which lender is the best fit. Feel free to click Contact Us, check out our website, or give us a call if you'd like to discuss the scenario further.

Seph Hancock · Answer

I may be able to help.

I’m a commercial and investment loan broker and work with a network of hard money, bridge, DSCR, and private lenders nationwide. The best lender often depends on the deal itself—fix-and-flips, ground-up construction, rentals, multifamily, and commercial properties all have different lending options.

If you’d like to compare programs, feel free to send me:• Property type• Purchase price• Rehab budget (if applicable)• Estimated ARV• Property location• Your exit strategy

I’d be happy to take a look and see which lenders may be the best fit for your scenario. Even if it’s not a deal I can place, I can point you in the right direction and help you avoid some common hard money pitfalls.

Seph Hancock · Answer

One piece of advice: don’t just compare rates and points—compare the lender’s reliability, draw process, extension policies, and actual ability to close.

I’ve seen investors choose the cheapest quote only to run into delays, unexpected fees, or funding issues later. The right hard money lender should be evaluated on:• Rate and points• Maximum LTC/LTV• Draw procedures• Extension terms• Experience with your asset type• Speed and certainty of closing

Also, have a clear exit strategy before you close. Whether it’s a sale, refinance, or long-term hold, most hard money problems start when the original exit plan doesn’t work out.

I’m an investment and commercial loan broker and work with multiple hard money and bridge lenders nationwide. If you’d like to compare options, feel free to send me some details about your project, and I’d be happy to see what programs might be a fit.

Good luck with your search and upcoming deal!

Frankie Vozzi · Answer

Biggest advice honestly is to focus less on just rate and more on: reliability of closing, draw process, transparency on fees, flexibility if timelines shift

A lot of hard money lenders look great upfront, but the real test is how they handle issues once the deal is underway. The investors doing best with hard money usually already know:

• their exit strategy
• realistic rehab timeline
• backup plan if the market shifts

That makes lenders much more comfortable too, What kind of deals are you planning to use hard money for flips, BRRRRs, rentals?

Scott Wolf · Answer

Happy to have a chat to see how we can help!

Hard money advice?

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